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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Intuit Inc.    INTU

INTUIT INC.

(INTU)
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Intuit : Credit Karma in talks to sell tax-preparation business to Square - WSJ

10/30/2020 | 09:41am EST

Oct 30 (Reuters) - Personal-finance firm Credit Karma is in talks to sell its tax-preparation business to Square Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The move is aimed at avoiding potential antitrust objections to Credit Karma's pending sale to TurboTax maker Intuit Inc. , the report added. (https://on.wsj.com/2TQzifP)

The U.S. Justice Department is concerned that bringing together Credit Karma's tax-preparation business with TurboTax would leave taxpayers with fewer and potentially more expensive options, the report said.

Credit Karma and Square did not immediately respond to Reuters requests for comment.

Earlier in February, Intuit said it would buy Credit Karma for $7.1 billion, in what was the largest deal in the company's 37-year history. (https://reut.rs/3oAVSal) (Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
INTUIT INC. -1.81% 374.85 Delayed Quote.-1.32%
SQUARE, INC. 1.48% 222.88 Delayed Quote.2.41%
All news about INTUIT INC.
01/22INTUIT INC : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
01/22INTUIT : Goldman Sachs Starts Intuit at Neutral With $430 Price Target
MT
01/21INTUIT : Oppenheimer Adjusts Intuit's Price Target to $416 From $391, Maintains ..
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01/19INTUIT : Builds on Resources to Help Self-Employed and Small Businesses Understa..
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01/15INTUIT : Credit Suisse Adjusts Intuit's Price Target to $460 from $405, Keeps Ou..
MT
01/14INTUIT : Announces Virtual Annual Stockholder Meeting
BU
01/11INTUIT : Barclays Reinstates Intuit at Overweight with $455 Price Target
MT
01/08INTUIT INC. : Ex-dividend day for
FA
01/06CEOs, Industry Groups Denounce Capitol Riots -- 3rd Update
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01/06CEOs, Industry Groups Denounce Capitol Riots -- 2nd Update
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More news
Financials (USD)
Sales 2021 8 923 M - -
Net income 2021 1 467 M - -
Net cash 2021 2 255 M - -
P/E ratio 2021 69,3x
Yield 2021 0,60%
Capitalization 103 B 103 B -
EV / Sales 2021 11,3x
EV / Sales 2022 9,60x
Nbr of Employees 10 600
Free-Float 97,1%
Chart INTUIT INC.
Duration : Period :
Intuit Inc. Technical Analysis Chart | INTU | US4612021034 | MarketScreener
Technical analysis trends INTUIT INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 412,00 $
Last Close Price 374,85 $
Spread / Highest target 26,7%
Spread / Average Target 9,91%
Spread / Lowest Target -17,3%
EPS Revisions
Managers and Directors
NameTitle
Sasan K. Goodarzi President, Chief Executive Officer & Director
Brad D. Smith Executive Chairman
Michelle M. Clatterbuck Chief Financial Officer & Executive Vice President
Atticus Tysen Chief Information Officer & Senior Vice President
Marianna Tessel Chief Technology Officer & Executive VP
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